Term of the day
Musawamah
An Islamic finance term where the seller is not obliged to disclose the price paid to make or acquire the product or service but the seller and the buyer negotiate the selling price. This is different from murabaha where the bu ...
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Henry Hub
A natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the NYMEX. It is owned by ...
Probability Distribution
A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range. This range will ...
Surrender Period
Time an annuity investor must wait until they can withdraw the fund from their annuity without paying the penalty fee.
Closed-End Lease
Rental agreement imposing no obligation on the lessee or tenant to purchase the leased asset at the end of the agreement. Also known as net lease, ...
Active Trust
A trust wherein the trustee is held liable for additional responsibilities. With an active trust, the given additional responsibilities can be in t ...
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